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the federal aviation administration saying that these should be put off. they say the law allows the faa and the administration to cut somewhere else in the 16 billion-dollar annual budget of the faa. they say the way the faa were cuts makes the delays even worse. >> under the applicable laws. the faa has the authority or the discretion to find the money elsewhere. not to lay off the workers. and, therefore, to protect the traveling and shipping public, the faa should not furlough the air traffic controllers. now congressional republicans charge the way the administration has structured this is simply for political reasons. the administration says that's absolutely not the case. they say the way is law isten o other choices than to furlough these air traffic controller if they have to reach the savings that the law requires, shep. >> >> shepard: we are expecting it to say four different flight delays faa is saying. airlines anywhere between 6700. about a quarter of the flight traffic in this country daily. in a statement the faa says they will be working with the airlines and using traff
. faa furloughs, they just kicked in. some delays now appearing late yesterday in and is around new york. this st for the first time with travelers waiting more than an hour. delays were seen at other airports in the u.s. the faa furloughs affect 47,000 employees, including nearly 13,000 air traffic controllers. experts say the first real test is today when traffic increases and you remember, you saw all these stories, even last week saying the sequester doesn't matter. >> because a lot of the stuff hasn't kicked in. now, if things don't matter this week, then you can say they really don't matter. >> so this is the test one way or the other. we're going to talk to mike boyd about all this and more. >> in economic news, a business economist says washington's budget tightening is having a minimal effect on business. 93% of those surveyed say political developments had no effect if the first quarter and 95% say they had no impact on capital spending plans. among the biggest concerns, global economic conditions and the potential for further government spending cuts and the regulatory environ
'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
air traffic controllers on the job this morning. the faa called for two furlough days for every two-week period to cut more than $600 million from the budget. airlines filed a lawsuit on friday to stop the furlough of air traffic controllers saying the cuts will result in delays up to an hour at major airports and hubs throughout the country. travel industry analysts say what's happening is political gamesmanship. >> the faa was shut down a few years ago. flights weren't affected. it seems to me like there is a request or directive out there to take steps so passengers will be inconvenienced and they will call their elected officials to get them to take action. >> reporter: now let's see what's happeninat airports around the this is live picture of mineta san jose international airport. i found three delays there this morning. the longest, 30 minutes. only a couple of 10-minute delays in oakland. and a few delays here at sfo, as well. now, even if sfo avoids furloughs, passengers could still feel the pinch because of the domino effect from delays at connecting airports. and speaking
turbulence here in washington tonight. >> as the faa began furloughing air traffic controllers and the flight delays began. the finger pointing quickly followed. >> as a result of administration's poor planning, i would argue political motives, thousands of people were stuck on tarmacs over the last few days. >> congress had an opportunity but republicans made a choice. and this is a result of a choice they made to embrace the sequester as, and i'm quoting republicans, as a victory for the tea party and a home run. >> if the blame was partisan, the pain was not. long lines and missed connections raised bipartisan concerns with republican and democratic senators asking the transportation secretary and head of the faa how much funding do you need to avoid furloughing air traffic controllers and to keep the contract air traffic control towers open and what could you cut from other accounts to avoid or reduced air traffic controller furloughs and contract closures and there were bipartisan proposed solutions. >> what i believe is there ought to be postponement of these furloughs to give all of us
that faa staff have had to be furloughed, then you may well be looking for someone to blame. and luckily enough, republicans are at the ready and know exactly who's responsible. >> as a result of the administration's poor planning, i would argue political motives, thousands of people were stuck on tarmacs over the last few days. the faa's mismanagement of this issue is a source of bipartisan frustration. our goal here shouldn't be to score political points on the backs of weary travelers. it should be to fix the problem. >> let's see. our goal here shouldn't to be to score political points. since when did mitch mcconnell outgrow his need to scoring political points? and isn't this what republicans have been doing for the last five years? but today, this very broadcast, has become the victim of the ludicrous sequester. because we've been in discussions with representative january schakowsky of illinois, who this week is promoting a bill that would put 50,000 public servants, such as police officers and firefighters, back to work. it is the exact opposite of the sequester and seemed like a
to the viewers out west. on the first day of faa furloughs, there were delays. but the airlines saying don't blame us. the biggest delays hit los angeles international first. last night the federal aviation administration reported a staffing problem causing some arriving flights to run an average of three hours and seven minutes late. >> we're going to crater the entire system. orter: the nation's airlines and biggest pilots union say it points to troubles ahead. their plan to furlough air traffic controllers, forcing them to tay home one day every other week will bring the system to a grinding halt. >> it will be like having hurricane sandy in the north and hurricane katrina in the south at the same time. >> reporter: so they're suing the faa to postpone the furloughs but the faa says it's the only way to slash $637 million from its budget, cuts required by congress. the busiest airports are expected to take the hardest hits. maximum delays at atlanta's hartsfield-jackson could reach 3 1/2 hours. chicago's o'hare, more than two. and at new york's laguardia, nearl
at the airport. the f.a.a. imposing furloughs on thousands of employees. those cuts are being blamed on sequester. guess what? delays, delays, delays. >>steve: with fewer workers responsible for the same number of planes that means you're going to have to wait. here now stuart varney, we're not going to make him wait. the scare quester didn't work. now what they're trying to do is inflict pain. people are going to sit on planes, they're going to call their congressmen. "you've got to do something about it! " >> that's right. quick pop quiz. did you know the f.a.a., the people who run the air traffic system, this year they will spend $500 million on consultants, $325 million on supplies and travel, $474 million on grants to make communities more livable and sustainable. >>steve: are you saying there's money available where they don't have to furlough those guys? >> exactly. why don't you take some of that money and put it into the air traffic controllers' bucket so we don't have to have these delays? because the president says we don't have the flexibility. we cannot redirect spending. not allowed
closures and it is really at the mercy of the faa. >> some of the airlines have started to react. delta has said it is disappointed and warned travellers to expect delays in major cities that we've already outlined. what are the other things we're hearing from the airlines? >> basically the airlines are saying the faa has other options. they can cut their budget in other places. the fax says no. this is how we have to go ahead and do it. the airlines have taken the fax to court over this of they filed a lawsuit on friday. there is no hearing date set for that. everybody is watching closely to see if the courts change the decision. >> what do you know about this newark situation, the flights having to return as a result of the washington controllers being, quote, overwhelmed? >> you have a regional air traffic facility that handle flights going from new york to let's say, florida. a lot of the flights heading over the washington air space were overwhelming the number of reduced workers there. they said we're sorry. you have to turn around and come back. >> what's next? >> next we'll watch wh
controllers at home. the biggest delays are predicted at l.a.x., o'hare, and laguardia. the faa slashed the budget by more than $600 million. mark rosenker, a former ntsb nannal list and cbs responsibility says the delays could hit for hours. >>> we're going to see delays for the carriers, the passengers, and frankly i believe for the economy. >>> the country's largest pilots union and the airline is trade association are suing to stop the fur lou. asian markets were mostly higher. tokyo's nikkei added about 2% to a nearly 5-year high. hong kong's hang seng added a fraction. essentially major countries including apple, ford, exxonmobil, will release their earnings this week. it comes as they finish their worst week since november. the dow lost 317 points while nasdaq lofrt nearly 89. there's good news at the pump with a gallon of gas dropping 11 cents. the lung berg survey now finds the total. tulsa has the cheapest at $3.21 a gaon while chicago is the most expensive in the continental u.s. at 3.97. >>> oblivion beat the competition at the box office this weekend. the sigh-fie thriller
have to prepare for long lines. government budget cuts that kicked in last month are forcing the faa and other agencies to cut some spending. f furloughs kicked in yesterday. the agency will furlough some 15,000 air traffic controllers. because of the cuts airports say passengers should expect increased delays. the length of the delays will vary depending on the schedule and situation at each specific airport. employees at the epa, office of management and budget, also face furloughs starting this week. >>> residents and investigators continue their search today through the destruction in west, texas, to try to figure out what caused the fertilizer plant there to explode. investigators say they found the origin of the explosion, but they still don't know what caused the initial fire that led to the blast last wednesday. fertilizer company is working closely with authorities to aid the investigation. the death toll from the blast remains at 14. a public memorial for first responders will take place in the town later this week. by the way, all the presidents, ex and otherwise will be i
hill? republicans going to try to pass something specific to faa? >> does this mean they are going to try to do a every time there is a problem? >> or do you try to do the big piece? >> i have to go to shameless plugs. >> 50th anniversary for the lawyers committee. go to the website. >> we have to build a workforce. 50% of the governors out there in their state of the union addresses talk about education. >> it's a great study. i know what you are talking about. my republican polling partner did a great analysis of the state of the state education. >> it is not glamorous but essential. >> pete williams. >> here it is. that is the way to look at it. that's it for this edition of "the daily run down" we know there is potentially intriguing breaking news. tomorrow we will talk to congressman mike mccall just hours after he received a top secret briefing. >>> and taking a dive to the race for john kerry's former senate seat. chris jansing, bye-bye. at the airports not too many problems. most likely be areas like kansas city or chicago or st. louis with rain or thunderstorms moving thro
airports. those delays mainly because of the furloughs at the 13 largest airports. faa warning in some cases passengers could see delays up to 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress in order try and save more than $600 million. we'll have a look at your local weather and traffic right after this break. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! ♪ wow. [ buzz ] delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? bee happy. bee healthy. with clusters of flakes and o's. oh, ho ho... it's the honey sweetness. i...i mean, you...love. >>> current temperatures already showing numbers closing in on 80 around livermore, fairfield. some of the warmer places we'll see. slight offshore breeze. we should see the sea breeze kick in later this afternoon. but in the meantime upper 80s to low 90s for valley temperatures, 70s closer to san francisco. cooler temperatures start to arrive tomorrow. more
Search Results 0 to 12 of about 13